UK watchdog orders Ryanair to cut Aer Lingus stake
The UK's Competition and Markets Authority (CMA) has confirmed it will require Ryanair to cuts its stake in Aer Lingus to five per cent from 29.8 per cent.
"The CMA has decided that there is no material change in circumstances or special reason for it not to require Ryanair to reduce its shareholding in Aer Lingus to five per cent," the authority said in a statement.
The CMA, which made a provisional decision on the matter...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month, €19.99 Monthly thereafter
*New subscribers only
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Unlimited Access for 2 Years
Get a Business Account for you and your team
Tom Maguire: Tax changes we make now could help business for years
The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures